KT Corporation

KT Corporation (Hangul: 케이티 주식회사), formerly Korea Telecom, is South Korea's largest telephone company.

The formerly state-owned firm is South Korea's first telephone company and as such it dominates the local landline and broadband Internet market, serving about 90 percent of the country's fixed-line subscribers and 45 percent of high-speed Internet users. After selling its wireless affiliate Korea Mobile Telecom in 1994, KT returned to the wireless market with the creation of PCS carrier KTF in 1996.

The company's 2009 merger with KTF, its wireless subsidiary, made it the country's ninth largest chaebol (conglomerate) with nearly 24 trillion won ($20 billion) in assets.

In late 2015 former KT president Suk-Jae Lee was charged of breach of trust and embezzlement. An allegation he denies.

Company overview